This memorandum provides information on property tax revenue accruing to tax increment financing (TIF) districts. This research begins by providing background information on Colorado law that authorizes urban renewal authorities (URAs) and downtown development authorities (DDAs) to use TIF for urban renewal projects and concludes with information on TIF in other states.
This memorandum provides background information on the structure of the business personal property tax and the estimated fiscal impact of eliminating the tax.
The final Residential Assessment Rate Study released by the Division of Property Taxation on April 10, 2019 estimates a residential assessment rate of 7.15 percent for 2019 and 2020. The General Assembly must pass a bill before this rate becomes law. The anticipated assessed values associated with this study have a significant impact on the local share for school finance.
